sebi

Get a PAN to resume trading in your frozen demat account

02 jul 2007

Following the strict directions from SEBI for compulsory PAN details for trading in stock market, CDSL and NSDL have frozen over 27.5 lakh demat accounts till date. Infact, every fourth demat account stands freezed.

Now PAN only identification for financial transactions

26 jun 2007

SEBI has decided to make Permanent Account Number (PAN) as the sole identity for transactions in securities market irrespective of the transaction amount. The Government has scrapped Unique Identification Number (UIN) which failed to make any headstart as it wasn’t made mandatory.